Analyst – Fixed Income Settlements

Work Location:

New York, New York, United States of America

Hours:

40

Line of Business:

TD Securities

Pay Detail:

$80,000 - $90,000 USD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate’s skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs. 

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

Preferred Qualifications:

Company Overview

TD Securities provides a wide range of capital market products and services to corporate, government and institutional clients. The firm works with clients around the world, focusing selectively and strategically on the key financial centers: Toronto, Montreal, Calgary, Vancouver, New York, London, Singapore and Tokyo. www.td.com

Department Overview

Global Operations and Business Services is a diverse and dynamic group of individuals, whose varied talents and experiences enable us to provide critical infrastructure services that support and/or control the trading, investment, and corporate banking functions of TD Securities. We are committed to innovation with purpose, execution with excellence, and continually improving the employee value proposition. We foster a culture of diversity, inclusion, and community giving.  Our dynamic team is divided into five main functional areas: Capital Markets, Financing Operations, Payment and Correspondent Banking Services, Business Services, and Change Delivery.

The Global Operations team partners with the front office and other groups globally to mitigate risk and deliver world class service to our global client base. They provide operational support and control functions across the trade lifecycle.  The team is heavily involved in new product initiatives and process improvements to streamline our support model.  They take great pride in ensuring controls are being continuously reviewed and updated while focusing on the customer at every point of contact.

The Fixed Operations team strives to create efficiency, improve client service levels and reduce operational risk.

If you are industrious, collaborative, innovative, and enjoy visionary thinking, while also maintaining a commercial view on the market, joining our team could be an ideal opportunity for you.

Fixed Income Settlements Analyst

Manage daily settlement transactions across multiple fixed income products for DTC and FED settlements.  You would be responsible for all settlements functions across your set of clients from trade date to settlement date as well as any trade fails, and buy-ins on securities transactions. Our team interacts with many operations groups globally in our goal of providing an industry leading level of client service to external clients and internal stakeholders.  Supporting stakeholders and developing valuable internal & external relationships with employees.

Qualifications:

• 3+ years’ experience within Capital Markets: Operations/Settlements Organization
• Team player, collaborates with others across teams, encourages other team members to participate and contribute and acknowledges the contributions of others. 
• Able to work in a fast pace, deadline sensitive environment and possess good communication skills
• A self-starter who is comfortable in a complex role that interfaces regularly with clients, front office, technology, finance, and trade support teams

• Strong knowledge of Excel, Vlookup, Pivots and other requirements
• Strong product knowledge including rollout and integration, accompanied with a strong lean mentality
• A proven risk assessment and management skill set, fostering a zero tolerance policy for poor integrity and risk taking
• A clear communication style
• Escalation awareness
• A strong front-to-back ownership mentality
• Multi-tasking skills and the ability to prioritize amidst competing / conflicting priorities
• Excellent analytical/problem solving skills and a sense of urgency regarding responsibilities
• Able to take ownership of the design and operating effectiveness of key controls and processes
• On top of industry and market driven initiatives to understand risks and impacts
• Responsible and accountable for delivery of key objectives within your immediate team and the broader Securities Settlement function
• Build strong relationships and work collaboratively within Global Operations and Business Services teams including settlements, new accounts, reference data and change delivery to support the growing Fixed Income business

Inclusiveness

At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live in and serve and creating an environment where every employee has the opportunity to reach her/his potential.

If you are a candidate with a disability and need an accommodation to complete the application process, email the TD Bank US Workplace Accommodations Program at [email protected] . Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.

EOE/Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity

The Operations Analyst TDS provides back up for the Canadian Fixed Income Desk. This individual handles corporate actions, daily cash reconciliation, tracking file uploads into FIST, and is a DTC clearance specialist. Responsibilities include the clearance of London trading activity passing through US broker/dealers. The Operations Analyst TDS advises agent of ticket control numbers for confirmations and performs required system maintenance. In addition, the position maintains compliance files and verifies new clients are set up on FIST, acknowledging that settlement and other client instructions are complete.

Depth & Scope

• Participates in the identification, development and implementation of new products, operating workflow, additional services/applications or operational efficiencies for Global Business Services
• Identifies documents, investigates and resolves service delivery issues
• Manages relationships with the client, and other areas of TDS / GBS
• Participates in projects follows project management methodologies, communicates project status and provides timely escalation of issues to senior management to ensure project objectives are met
• Interfaces with regulators, external groups (legal firms, accountants etc.), suppliers on operating and service delivery issues relative to the specific area of functional expertise as authorized by the manager
• Escalates non-standard or high risk transactions or other activities as appropriate
• Acquires and applies knowledge in the discipline, provides assistance and direction to others in TD Securities
• Identifies, recommends and effectively executes standard practices applicable to the discipline
• Protects the interests of the firm identify and manage risks
• Completes business process reviews as required
• Participates fully as a member of the team, promotes team effectiveness and contributes to a positive work environment
• Supports the team by continuously developing knowledge in own area
• Participates in performance management and development activities
• Supports change management activities around projects or initiatives undertaken ensures clear communication of new processes
• Ensures the timely communication of issues that are relevant to the team and encourages a good working relationship with other departments
• Supports the business with consistent application of BSA/AML risk escalation, review and approval processes, KYC due diligence and policies
• Contributes to the development, implementation and continuous improvement of programs, processes, policies and tools to meet BSA/AML requirements and industry best practices
• Continuously develops/maintains solid knowledge of BSA/AML/OFAC requirements, developments and issues within the Operations department

Education & Experience:

• Bachelor’s degree, or specialized training / equivalent work experience
• 3+ years related experience
• Must possess a complete understanding of the products traded by TD Securities (USA) Inc.
• Must also understand systems interfaces, payment and funding processes, compensation rules, and NASD/SEC issues
• Should be able to work independently with minimal supervision, establish priorities, and possess strong communication, analytical, and problem solving skills
• Solid computer skills are a must

Who We Are

TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we help clients meet their needs today and prepare for tomorrow. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank. We are growth-oriented, people-focused, and community-minded. As a team, we work to deliver value for our clients every day.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals. Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition. Learn more
 

Additional Information:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Colleague Development
If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.

Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation

If you are an applicant with a disability and need accommodations to complete the application process, email the TD Bank US Workplace Accommodations Program at [email protected]. Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.